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Welcome back to happy hour every one in the diamond district house lawmakers finally came to a revolution on health care -- That cost.
800 -- 98 billion dollars so they say -- -- -- controversy.
Going to pick up the tab.
The -- they say.
Just over half of the money raised to pay for this Health Care Reform will come from single Americans earning more than 500000 dollars a year.
Or couples and -- More more than a million dollars a year now that less than 1% of the US population -- precisely.
Three tenths of a percent of Americans -- -- up five point 4% tax increase.
Did pay for this Health Care Reform for at least half of it.
My next guest will have to pay this so called millionaire's tax and doesn't mind.
From Pensacola Florida radio -- and my -- and Tony -- joining me in the diamond district today.
So my when I am -- if you good to see what I teach you in the beginning of -- sound -- well -- -- or have been in the AS.
Think less than 1% of the American population millionaire's club but not so lucky you got to pay an additional five point 4% tax.
But you don't mind.
-- -- -- -- I don't think anybody's happy about it but it's reality the reason Pelosi knows that she can get away with this -- the Democrats know.
Did they can raise money -- is there is what I call a generational backlash.
Here it is millennial MTV years actors they have no kinship with the economic.
Ideology of baby boomers it's changed.
They think I arrived in -- pocket looks like the comical -- with her free market value now we might not like this but it's -- reality they believe that Ronald Reagan's trickle down economic.
Is a shell game.
And what's happened Rebecca is -- genuinely is a backlash that's taken place.
So so what's happened -- below -- -- understands that the Democrats understand that.
They understand the Obama generation put him in office.
And better understand that did that generation could care less whether rich baby boomers have to pay for things like this.
Now so we don't know why they -- but the reality.
The what we saw over this summer Whitney town hall protests that Tea Party protests.
You're saying that's not this Obama generation that elected imaging office.
That's not -- younger generation.
Not at all Rebecca in outlook when we can do one -- two things we can look at this thing like an elephant sitting in the living room.
That we don't pay attention to what we can understand this it threatens capitalism if we ignored what.
This is a generation it's it's the millennial generation the Obama generation call -- what you want.
Supported the public option style reform whether or not get the -- not paid for by rich baby boomers they don't really care.
There's hopefully they're simply angry and that they want they want a change from what they've seen these last eight years.
-- but might -- do this and this Obama generation do they know little bit this could possibly hit then is well because these millionaires.
Own small businesses and these are the people are going to -- eight.
Or not -- in the younger folks that these businesses.
It -- attacks because they're not covering they're not giving them health insurance and also hold the help us spending accounts.
That may be limited so more of -- our money will be tax and that's.
-- and I can't.
Well that's a perfect analysis it's a correct analysis but what I'm trying to say is we have to deal with the fact that we have.
Right now you have a generation did if they're not worried about things like deficit spending.
They're not worried about things about what might happen -- years from now.
They're worried about today they're worried about recession that they've lived with since they came out of college they're fewer jobs.
They they have more personal debt they're cache or they can't afford college so they don't -- -- -- the difference -- they don't -- obliged.
To balance to the wishes of an older boomer -- -- Don't know anything did he let yet these beat up pair.
These may be grandparents didn't let their gonna turn their back on health care for their parent or an additional.
-- -- -- -- I believe we're back if you look at the trend that's taking place right now to startling trend it's not class warfare.
It's generational warfare.
You think this is a generation that grew up with hearing that Henry Kravis was making 54000.
Dollars an hour.
While 47 million Americans will make in 121000 dollars a year now.
That sounds like a class argument but the point is this you have an entire generation that looks at things differently.
They've rejected Ronald Reagan they've rejected and Ryan and we ignore that and we do it to our -- Rebecca because here's what -- -- but you visited right.
Adults under thirty -- evenly divided on this 37%.
Of them prefer capitalism.
-- socialism and 30% have an opinion so what.
Do you do about that Michael -- you get those numbers.
I'll argue you can find you can find this -- -- Google this very issue we're talking about Google this rendition take okay I'm going Internet look at what I'm saying it's a real issues.
All right Mike Hampton county up thank you very much for joining me in the that -- -- -- Thank you about them happy Halloween what do you get beat by Angela.
The goal is I -- go is that ringmaster.
I was kidding I've just got to -- -- -- -- -- against.
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